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Automated Trading Systems (Algo Trading)

Across all asset classes, automated or algorithmic (algo) systems execute pre-programmed orders that are immune to human emotion or market movements. This is one advantage of algo trading, because emotional trading can lead to overtrading, which can lead to losses. Another advantage of algo trading is that a computer-managed system allows you to trade numerous accounts and strategies at the same time. Algo trading can assist to decrease the occurrence of human trader errors and can find profit and loss (P&L) possibilities considerably faster than a human trader. Algorithmic trading is not for inexperienced investors. It is carried out largely at major investment banks, hedge funds, proprietary trading organizations, and authorized cryptocurrency exchanges, and it is based on expensive, complicated software.